Laurel Williamson
Options for least exposure when moving property into an llc
21 August 2024 | 4 replies
We set up an llc, but have yet to do anything with it.
Jason Malabute
tax prep and accounting cost
29 August 2024 | 23 replies
An investor with 2 rentals won't pay the same as someone with 10 rentals.
Amanda Grunberger
35-unit Motel turned into Airbnb…
28 August 2024 | 4 replies
I asked the owner of an off-market motel if he was thinking about selling.
Kenneth Soles
Buying an occupied house at tax sale.
21 August 2024 | 22 replies
If it ultimately comes down to me having to do an eviction, ejectment or cash for keys then so be it.
Alex Gatchalian
There are options! What do you think I should do?
29 August 2024 | 3 replies
This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.This example shows that while the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.
Zach Wagner
MTR Start Up
29 August 2024 | 16 replies
Internalizing and reproducing this info can easily make one an expert.
Michael L.
Back to school!
28 August 2024 | 4 replies
Does it have to be an architect local to the state you are rehabbing/building in that would have to sign off on your plans or can any certified architect sign off on your drawings?
Willis Yoder
Flipping Success: The Art and Strategy of Profitable Fix-and-Flips
30 August 2024 | 8 replies
Hey Willis I'm an agent in Phoenix working mainly with fix and flippers.
Akara Ambak
Converting a (Vacant) Rent Stabilized Building into Condos
29 August 2024 | 2 replies
Hello all,I have an opportunity to acquire a 6-unit MF in Brooklyn that is rent stabilized.
Kristi K.
Anyone using Steadily for landlord insurance
28 August 2024 | 22 replies
I'm a partner in an Independent Agency that represents Steadily along with many other companies.